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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Silk Road Energy Inc | TSXV:SLK | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.05 | 0.015 | 0.05 | 0 | 01:00:00 |
Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to report the latest set of assay results from the underground diamond drilling program at the Ruddock Creek Property, located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia. The most recent results compiled by the Company include holes EUG-08-17 to 23. These holes were located in the central portion of the area drilled during 2008, except for holes EUG-21 and 23, which contain the westernmost intercepts drilled. ---------------------------------------------------------------- From To Interval Zn Pb Ag Drill Hole # (m) (m) (m) % % g/t ---------------------------------------------------------------- EUG-08-017 20.21 26.85 6.64 8.03 1.74 2.35 ---------------------------------------------------------------- 73.47 78.25 4.78 4.48 1.22 7.51 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-018 52.00 54.64 2.64 9.24 2.14 2.35 ---------------------------------------------------------------- ---------------------------------------------------------------- 26.96 33.09 6.13 12.70 2.84 3.00 EUG-08-019 -------------------------------------------------- 84.10 88.71 4.61 9.31 1.73 2.92 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-020 70.28 75.73 5.45 11.72 2.40 3.26 ---------------------------------------------------------------- ---------------------------------------------------------------- 179.01 194.3 15.29 12.19 2.18 3.06 EUG-08-021 -------------------------------------------------- 227.58 238.41 10.83 10.23 1.96 2.33 ---------------------------------------------------------------- ---------------------------------------------------------------- 58.00 61.21 3.21 6.67 1.15 3.21 EUG-08-023 -------------------------------------------------- 175.65 183.52 7.87 7.30 1.20 1.96 ---------------------------------------------------------------- Results from holes EUG-08-1 to 16, which are among the most westerly holes completed, have been previously released and are included in the following table. ---------------------------------------------------------------- From To Interval Zn Pb Ag Drill Hole # (m) (m) (m) % % g/t ---------------------------------------------------------------- 350.60 364.11 13.51 3.10 1.05 8.88 -------------------------------------------------- EUG-08-001 386.49 391.63 5.14 12.77 1.86 1.75 -------------------------------------------------- 397.10 398.29 1.19 9.02 2.64 4.00 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-002 232.00 236.24 4.24 4.39 0.92 0.00 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-003 230.20 231.20 1.00 16.32 3.36 5.00 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-004 142.15 144.81 2.66 13.72 3.12 2.88 ---------------------------------------------------------------- ---------------------------------------------------------------- 251.37 262.79 11.42 7.51 0.86 1.19 EUG-08-005 -------------------------------------------------- 313.10 331.97 18.87 8.38 1.52 2.10 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-007 129.57 134.20 4.63 12.71 2.87 4.14 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-008 32.61 40.15 7.54 3.27 0.58 0.76 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-009 61.44 71.15 9.71 4.65 0.96 2.63 ---------------------------------------------------------------- ---------------------------------------------------------------- 70.79 73.96 3.17 4.81 0.97 2.08 EUG-08-010 -------------------------------------------------- 107.00 108.60 1.60 11.37 2.87 2.55 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-011 90.64 94.18 3.54 7.59 1.61 2.44 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-012 51.44 55.02 3.58 10.42 2.39 1.85 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-013 56.85 58.75 1.90 16.71 3.58 5.54 ---------------------------------------------------------------- ---------------------------------------------------------------- 69.29 98.51 29.22 3.18 0.77 0.46 EUG-08-015 -------------------------------------------------- Incl. 78.65 82.19 3.54 11.54 2.25 2.32 ---------------------------------------------------------------- ---------------------------------------------------------------- EUG-08-016 64.38 70.10 5.72 6.05 0.91 1.51 ---------------------------------------------------------------- The underground drill program completed during 2008 was designed to provide additional close spaced drill intercepts of the western extension of the E Zone portion of the Ruddock Creek Sulphide Horizon. This zone has been traced from surface outcrops, at the east end, for in excess of 1.2 kilometers, down dip to the west. The Ruddock Creek Sulphide Horizon consists dominantly of calc-silicate rocks, pegmatites and lesser biotite schist. Lenses of massive sulphide, composed of sphalerite, pyrrhotite and galena in order of abundance are hosted by the calc-silicate portions of the package. The Ruddock Creek Sulphide Horizon varies from less than 5m to over 50m in true thickness. Multiple individual massive sulphide lenses are present within the horizon, ranging from less than 1m to greater than 5m in true thickness, separated by variable thicknesses of non mineralized pegmatite, calc-silicate or biotite schist. Locally these stacked lenses of massive sulphide and host rock, attain true thicknesses of over 30m of ore grade material. Previous surface drill programs on the near surface, eastern portion, of the E Zone have shown it to be up to 450m in dip extent from the northern to southernmost intercepts. In the area of the underground drilling the longest defined dip length of the horizon is 300m, however this remains open in both directions. All of the 2008 drilling was completed from drill stations located along the northerly trending decline, or on the easterly trending crosscut developed at the 900m point of the decline. The crosscut was developed to a length of 170 meters east of the main decline and includes four drill stations. The underground diamond drilling program has completed the required number of drill holes necessary to finalize the resource calculation for the portion of the E-Zone from surface outcrop to the point where it has been intersected by the decline, a length of approximately 1.2 kilometers. Operations on the Ruddock Creek Property are being conducted under the supervision of the Company's Qualified Person (as defined by NI 43-101), Jim Miller-Tait, P.Geo., Vice President of Exploration. Acme Analytical Laboratories Ltd. was engaged to carry out the analytical work on all samples. The analytical procedure utilized was the Group 7AR 23 multi-element assay by ICP-AES methods. On Behalf of the Board of Directors: Gordon Keevil, President This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
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